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The Fed's latest QE program poses risks to the bank's credibility, says Philadelphia Fed...

The Fed's latest QE program poses risks to the bank's credibility, says Philadelphia Fed President Plosser, as the policy will likely fail to deliver a substantive impact on employment. What will Bernanke and crew do then? One editor's guess: Double down.
Comments (3)
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    He claimed that the FED would have to hike rates before mid 2015. He must've been away on vacation or had a 2 month long sleep and probably doesn't know that QE infinity is here. I assume that he hasn't heard that Ben promised to never ever hike rates.
    25 Sep 2012, 12:24 PM Reply Like
  • into dark shadows
    , contributor
    Comments (329) | Send Message
     
    If the man had any morals,
    if he had any virtue at all,
    he would admit his folly and the utter failure QE was / is and resign!
    Right after he begged the American Working Man's / Woman's FORGIVNESS!
    Bernanke is part of the progressive cabal and needs to GO!

     

    B.T.W.
    The fed has NO CREDITABILITY AT ALL!

     

    God save the republic!
    25 Sep 2012, 12:25 PM Reply Like
  • dmallik
    , contributor
    Comments (29) | Send Message
     
    QE; the quintessential, ultimate trickle down! Did you ever wonder why the financial press and MSM don't call it for what it is?
    25 Sep 2012, 12:31 PM Reply Like
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